How to create an IQ Option Demo Account and manage it?
Make trades with the demo money and try to learn the know-how of trading
August 09, 2019
Ravi Ranjan Kumar(Founder at CodexFly Technology)
If you are a broker or want to become a broker, then you already know that the platform on which you pursue your day to day trades plays an important role as any other thing. the reason behind this is quite simple as if the platform which one chooses is not safe then they might lose their investments as well as earnings for which they have put so much effort in it. This is why IQ option is one of the most popular binary options trading platforms which brokers from all over the world are head over heels for.
The cause of its popularity lies behind the aspect of it being an amazingly secure platform and the transparency that is offered at the time of trade is commendable. So, if you are thinking about starting a career as a broker or even if you are a veteran and want to switch over to a much safer and rewarding platform, then this article is perfect for you.
Here, we are going to talk about the creation of IQ option sign up process. Also, we will follow up with the details of how to manage an IQ option demo account as well. So, let’s jump right into it.
Step by step guide to creating an IQ option trading Demo account
Step #1: Making an Account
Start by visit the official website of IQ option and click on Open an account on IQ Option.
Fill your name and password that you will be using for IQ option sign up.
Once done, confirm by clicking on the button, ‘Open An Account for FREE’
After this, you will be redirected to the confirmation page where you will be introduced with the trading platform.
Meanwhile, you need to hop on to your email and get the account confirmed by clicking on the confirmation link
Step #2: Go to Risk Disclosure
Unlike other confirmation texts, the Risk disclosure text of IQ options Demo is something that you should read thoroughly.
Understand the risks that are explained in the detailed disclosure.
Learn the mentioned facts regarding trading in Binary options
Once you are done with reading and understanding the risks that are involved in the trading, click on the ‘Start Trading’ button.
Step #3: Setting up a Demo account
As soon as you press on ‘Start Trading’, you will be transferred to the selection page.
Among the two options which are Create a practice account and Fill your account with real money, select the former option as we are here to set up an IQ Options Demo account.
Step #4: Start Trade
Once all the above-mentioned steps are done, your Demo account will be completely set up.
Try to get comfortable with the trading aspects
You can switch between Demo mode and real trading with money wherever you want.
Switch between both of the modes by selecting either of the two by clicking on the button at the upper right corner of the screen
How make the most out of IQ options Demo account?
As your account has been set up, now you need to make sure that you make the most out of it. Make trades with the demo money and try to learn the know-how of trading. This will help you in making strategies in the long-run. Also, there are a lot of things that you need to learn about trading if you are new to this sector. So, make sure to keep both the learning as well as practical aspect running side by side and after a while, you will see the benefits eventually.